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Author: Munasinghe, Mohan

Source: Environmental Economics and Sustainable Development, September 1993 , pp. 1-114(114)

Publisher: World Bank

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Abstract:

Environment and development are no longer considered mutually exclusive by governments and developmental agencies. It is now recognized that a healthy environment is essential to sustainable growth. This paper explains the key role of environmental economics in facilitating effective incorporation of environmental concerns into development decision making. It reviews concepts and techniques for valuation of environmental impacts. Attempts to improve and make use of economic techniques to value environmental assets in developing countries are increasing. This paper seeks to help practitioners in the field to keep up with the advances. It describes the framework for environmental analysis for sustainable development and presents case studies grouped according to the various techniques of environmental valuation.

Keywords: Growth policy; Development; Economics; Environmental management; Economic management; Environmental impact assessment; Cost-benefit analysis; Case studies; Environmental economics

Document Type: Research article

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